A fraudulent token scheme has been identified circulating on the Base network. The project operating under the Snowball branding is flagged as a scam attempt targeting unsuspecting traders. This represents another case of deceptive tokenomics and rug-pull mechanics designed to exploit retail participants in the Web3 ecosystem. Community members are advised to exercise extreme caution and conduct thorough due diligence before engaging with unfamiliar tokens, particularly those with limited verifiable team information or suspicious contract mechanics. Security audits and transparent project documentation remain critical safeguards in assessing token legitimacy.
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A fraudulent token scheme has been identified circulating on the Base network. The project operating under the Snowball branding is flagged as a scam attempt targeting unsuspecting traders. This represents another case of deceptive tokenomics and rug-pull mechanics designed to exploit retail participants in the Web3 ecosystem. Community members are advised to exercise extreme caution and conduct thorough due diligence before engaging with unfamiliar tokens, particularly those with limited verifiable team information or suspicious contract mechanics. Security audits and transparent project documentation remain critical safeguards in assessing token legitimacy.